David Trone
David Trone: A Life of Entrepreneurship and Philanthropy
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Full Name and Common Aliases
David Trone is an American businessman, entrepreneur, and philanthropist. He is commonly known for his work as a co-founder of Total Wine & More, one of the largest wine retailers in the United States.
Birth and Death Dates
Born on December 29, 1957, David Trone has lived a life marked by entrepreneurial spirit and community engagement.
Nationality and Profession(s)
David Trone is an American citizen with a background in business and entrepreneurship. His professional journey spans various industries, including retail, politics, and philanthropy.
Early Life and Background
Growing up in Bethesda, Maryland, David Trone was raised with strong values of hard work and community involvement by his parents, Judith and Albert Trone. He attended the University of Maryland, where he earned a degree in Business Administration. Following college, Trone worked for various companies before co-founding Total Wine & More in 1991.
Major Accomplishments
Trone's entrepreneurial ventures have been marked by success and innovation. Under his leadership, Total Wine & More has expanded to over 200 locations across the United States, offering an unparalleled selection of wine, beer, and spirits. This achievement has not only made Trone a prominent figure in the retail industry but also contributed significantly to the growth of local economies.
Notable Works or Actions
In addition to his business accomplishments, David Trone is recognized for his commitment to public service and philanthropy. In 2018, he was elected as a U.S. Representative from Maryland's 8th congressional district, where he serves on various committees, including the House Committee on Foreign Affairs.
Impact and Legacy
Trone's impact extends beyond his professional achievements. He has been recognized for his efforts in promoting entrepreneurship, education, and community development. Through his charitable foundation, Trone supports organizations focused on early childhood education, healthcare access, and economic empowerment.
Why They Are Widely Quoted or Remembered
David Trone is widely quoted and remembered for his insightful perspectives on business, politics, and philanthropy. His experiences as a successful entrepreneur and public servant have provided valuable lessons for those seeking to make a positive impact in their communities. As a leader, Trone's commitment to innovation, community engagement, and social responsibility serves as an inspiration to many.
As we reflect on the life of David Trone, it becomes clear that his legacy extends far beyond his professional accomplishments. His dedication to using business as a force for good has left a lasting impact on the lives of countless individuals, both in his local community and across the nation.
Quotes by David Trone
These guys are global companies. Goldman has half its revenues come from outside the U.S.. They can find profits wherever they need to.
On a year-over-year basis, Lehman's results are outstanding, while the negative sequential comparisons are a product of the strength of the 2005 third quarter.
It's in last place with no real assets to improve their position. Discover desperately needs to have an improved value proposition for the cardholders. That's where it all begins.
Its track record is outstanding, they've earned tens of billions of dollars over the last several years and they've never come close to having a negative trading line. I'd say that's reasonable risk-reward.
It's not likely a firm would double its revenue in a sequential comparison. One should assume that some of that's proprietary trading.
Asset management acquisitions are safer, in our view, given the predictability of earnings, although they will likely be more expensive than banks or consumer finance companies.
This is the first quarter in a long time where you will see year-over-year comparisons that are negative. And we'll probably see results for most of the quarters in 2005 being down on a year-over-year basis.
Our estimate of $340 million in advisory revenue easily places the quarter as the highest for the firm post-bubble, and should move 2005 advisory revenues about 28% over the prior year.
The transaction makes a lot of sense strategically at a time when U.S. regulators are frowning upon financial incentives to brokers for pushing in-house funds.
This was a very strong report, both in terms of asset flows, account adds and trading activity.